Workshop 1 – Unlock New Revenue Opportunities for Your Business!

Friday 29 November 2024

10:00am - 13:30pm

STEAMhouse, Belmont Works, Cardigan St, Birmingham B4 7RQ

Workshop 1 – Unlock New Revenue Opportunities for Your Business! – Friday 29th November 2024 – 10-1.30pm (Lunch provided)

In today’s ever-evolving marketplace, businesses must continuously explore new income streams to stay competitive and achieve long-term growth. But how do you ensure the new opportunities you pursue are viable and sustainable?

Join us for a hands-on workshop designed to guide you through the process of identifying, researching, and validating new revenue opportunities for your business. Learn practical strategies and methods for assessing potential income streams, minimizing risks, and making data-driven decisions that align with your business goals.

Key Takeaways:

• Understand motivations and options for developing new income streams that suit your business.
• Learn about constraints and risks involved in expanding revenue channels and how to mitigate them.
• Discover the requirements for a successful development process that ensures your new ideas are built to last.
• Identify potential new sources of income that align with your brand, market, and customer needs.
• Use research to validate your options with confidence and identify the most promising avenues.
• Master the art of planning research, creating insightful questions, and choosing the best research methods.
• Analyse research findings to make evidence-based decisions and reduce uncertainty.
• Recognize red flags early and understand when it’s time to pivot or reconsider your approach.

Who Should Attend?

This workshop is ideal for business owners, decision-makers, and entrepreneurs looking to diversify income streams, enhance business sustainability, and make well-informed, strategic decisions.

About the Facilitator – Frances Brown

Frances Brown is co-founder and CEO of Nightingale Design Research. Since 2016 the Nightingale team has provided qualitative and quantitative research, market analysis and business support to organisations such as LEGO, NHS England, the Department for Education, Balliol College Oxford and eConsult, to deliver successful innovation. They have also worked with a wide range of startups, providing them with the evidence, expertise and support they need to build successful, user-friendly products and services.

 

Workshop title: Introduction to business modelling

This interactive workshop will give you the skills you need to give your business a strong foundation. We will explore how to use research to build a viable and sustainable business model, how to set up a marketing strategy and how to decide what type of funding is right for your business. You will have the opportunity to ask questions and discuss the issues that you’re facing to help unlock any barriers and start growing and developing your business.